Amazon is partnering with the National Immigration Forum, an advocacy group based in D.C., to help refugee and humanitarian-based immigrant employees obtain citizenship, the group announced Monday.
Details: The partnership is an extension of Amazon's Welcome Door program, which launched about a month ago.
Meat prices continued to skyrocket in the first quarter.
Driving the news: Tyson Foods reported Monday that the average price of its products rose 17.6% in the quarter ended April 2, compared with a year earlier.
Traders are hitting the sell button on virtually every key asset class — including stocks, bonds and bitcoin — ratcheting up the fear factor on Wall Street and sending the S&P reeling to its weakest levels in a year.
Why it matters: The Federal Reserve is laser-focused on taming inflation, and that’s making markets increasingly jittery as the U.S. economy sends mixed signals on growth.
Uber CEO Dara Khosrowshahi has told employees that the ride-share company will reduce hiring in response to a "seismic shift" in the market, CNBC reports.
Why it matters: Khosrowshahi is setting a new tone for the company as investors are growing wary of unprofitable businesses.
The 2022 Pulitzer Prize winners were announced Monday, with many awards going to journalists that covered inequities in the U.S. around voting and policing. Two prizes were also awarded to journalists covering the Jan. 6 Capitol siege.
Of note: The Pulitzer Committee presented a special citation to the journalists of Ukraine for their courage and truthful reporting of the war. The awards were announced byMarjorie Miller, the newly announced administrator of the Pulitzer Prizes.
Is a non-fungible token a piece of property? Is it tangible? Tax authorities are grappling with these and other questions as they start to set policy on the sale and transfer of NFTs.
Why it matters: NFTs are being bought and sold for huge sums — the $69 million Beeple is an anomaly, but symbolically important — and federal and state revenue departments want to get their due shares.
Yearn Finance, DeFi's friendly yield robot, which has $2.2 billion in assets users have entrusted it with growing. All that despite a creator, Andre Cronje, who dropped off the blockchains in March.
The latest: Now he's back, in a way. It's not exactly a return, he told Axios via Telegram, because he's doing what he's calling RegFi, translating DeFi to TradFi. He said, "I'm never touching public crypto/DeFi again."
Twenty years ago, I sat down in a Boston lobster shack with a college endowment manager who looked equal parts dazed and triumphant. "They're really going to give the money back," he said before we'd even been offered water. "Can you f**king believe it?"
Dirt, the entertainment and culture newsletter that became one of the first newsletters to fund itself solely using only NFTs, has raised a $1.2 million seed round, its publisher Kyle Chayka and editor-in-chief Daisy Alioto tell Axios.
Why it matters: Most media companies that rely on web3 tech operationally also cover web3. Dirt aims to be one of the first digitally native media companies that rely on web3 tech but doesn't cover web3 topics exclusively.
Bull markets engender trust that verges on complacency, or even gullibility. When they start to drop — as they are doing right now — there is a sharp rise in mistrust, as frauds are uncovered and shady dealings condemned.
Why it matters: Regulators have signaled they're more serious about cracking down on financial criminals than they have been in decades. Such activity is unlikely to be hard to find.
Some sectors bounced back to pre-pandemic levels faster than others, as evidenced by this nifty chart comparing details of the April 2022 jobs report to February 2020.
The big picture: The total number of U.S. jobs hasn’t yet climbed back to pre-pandemic levels. But underneath the headline, areas of the economy like professional services, or transportation and warehousing, have recovered any ground they lost in the pandemic — and then some.
U.S. natural gas soared last week, as the war in Ukraine continues to inject a fear premium into global energy markets.
Driving the news: Prices for U.S. benchmark Henry Hub natural gas — named for a pipeline junction in Louisiana where physical delivery occurs — jumped more than 10% last week alone, to over $8 per metric million British thermal units.
COVID's spread in China comes as the rest of the world sees the pandemic fading.
Why it matters: Prevention measures like lockdowns of major cities are a double whammy for companies that rely on China for production as well as consumer demand.
New York magazine's new cover,by artist Barbara Kruger, reimagines her iconic 1989 silk-screen portrait, "Untitled (Your body is a battleground)."
Kruger tells the magazine: "If the end of Roe has come as a shock to anyone, that means they haven’t been paying attention. The left and center are asleep at the wheel of a slow-moving car crash."
Lockheed Martin intends to almost double production of Javelin missiles from 2,100 per year to 4,000 a year, CEO James Taiclet told CBS News on Sunday.
Marvel's "Doctor Strange in the Multiverse of Madness" brought in a whopping $185 million at the domestic box office this weekend, making it the second-biggest domestic theater opener in the pandemic era.
Why it matters: "It's clearly a very important next step in getting the summer movie season back," said Comscore senior media analyst Paul Dergarabedian.
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